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Key Decision Points in ACA Reporting Vendor Setup Questionnaires: Part III
Question: How should employers approach the basic ACA reporting questions in the setup forms used by most payroll or benefits administration systems? Short Answer: The
Key Decision Points in ACA Reporting Vendor Setup Questionnaires: Part II
Question: How should employers approach the basic ACA reporting questions in the setup forms used by most payroll or benefits administration systems? Short Answer: The
NY Paid Family Leave Benefits to Increase in 2021
New York State’s Paid Family Leave Law became effective January 1, 2018 with a four-year phase in. The Department of Financial Services completed its evaluation
Key Decision Points in ACA Reporting Vendor Setup Questionnaires: Part I
Question: How should employers approach the basic ACA reporting questions in the setup forms used by most payroll or benefits administration systems? Short Answer: The
The Required Annual Notices to Employees
Question: What are the annual required employer notices to employees related to health and welfare plans? Short Answer: Employers must provide the Medicare Part D
San Francisco Releases 2021 HCSO Expenditure Rates
The San Francisco Office of Labor Standards Enforcement (OLSE) recently released the updated 2021 Health Care Security Ordinance (HCSO) required health expenditure rates. What are
When FSA Expenses are Incurred
Question: When are FSA expenses incurred for purposes of determining whether they are reimbursable for the plan year? Short Answer: FSA expenses are considered incurred
ABD Commentary: The Health Plan 401(k) Has Arrived
January 1, 1980 was a momentous day in the employee benefits field. It was the day §401(k) went into effect, creating the first major opportunity
Changing Health Plan Elections Based on Spouse’s Different Plan Year
Question: When can employees change their election based on a spouse’s different plan year? Short Answer: The Section 125 permitted election change event rules allow
Adding a New EIN to the Health Plan
Question: What are the action items for employers adding a new EIN as a participating employer to the health plan? Short Answer: There are five
HSA Mistaken Contributions
Question: When can an employer have mistaken HSA contributions returned by the HSA custodian? Short Answer: Although the general rule is that all employer HSA
When Mid-Year Coverage Changes Create a Mini-OE
Question: In what situations may employees change their health plan elections because of a mid-year change to the plan’s benefits? Short Answer: A mid-year addition
How the ACA Affordability Increase to 9.83% Affects Employers
Executive Summary 2021 Affordability Percentage Increase to 9.83%: The IRS has announced that ACA affordability percentage will increase from 9.78% in 2020 to 9.83% in
The HSA Proportional Contribution Limit
Question: What is the HSA contribution limit for an employee who is enrolled in an HDHP for only a portion of the year? Short Answer:
Health Coverage for Employees on Military Leave
Question: What are the health plan coverage rights for employees going on military leave? Short Answer: Employers need to offer USERRA continuation coverage to employees
FAST List by Category – Q2 2020
Welcome to Compliance Friday Answers to the Service Team (FAST)! Each Friday we publish our response to a question that the ABD Compliance Team received
The ACA Exchange Notice
Question: What are the employer requirements with respect to the ACA Exchange Notice? Short Answer: The ACA requires employers to provide the Exchange Notice to
How COBRA and Medicare Interact for Retirees
Question: What are the main considerations for retiring employees regarding how COBRA and Medicare interact? Short Answer: There are four primary issues for Medicare-eligible employees
ACA PCORI Fee Returns at Increased $2.54 Rate
The IRS has announced that the 2019 calendar plan year PCORI rate for the July 2020 filing will be $2.54 per covered life (up from
When is HIPAA Training Required?
Question: What are the HIPAA training requirements for employers? Short Answer: Employers with a self-insured health plan need to train employees within a reasonable period
